SSE plc (LON:SSE) Increases Dividend to GBX 40 Per Share

SSE plc (LON:SSE) declared a dividend on Wednesday, May 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 40 ($0.51) per share on Thursday, September 19th. This represents a yield of 2.22%. The ex-dividend date is Thursday, July 25th. This is a positive change from SSE’s previous dividend of $20.00. The official announcement can be accessed at this link.

SSE Trading Down 0.9 %

Shares of SSE opened at GBX 1,800 ($22.88) on Thursday. SSE has a 52-week low of GBX 1,485 ($18.87) and a 52-week high of GBX 1,932.50 ($24.56). The business’s fifty day moving average is GBX 1,680.79 and its 200-day moving average is GBX 1,718.39. The company has a debt-to-equity ratio of 84.31, a quick ratio of 0.50 and a current ratio of 0.91. The firm has a market cap of £19.62 billion, a price-to-earnings ratio of 3,427.36, a PEG ratio of 3.21 and a beta of 0.57.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on SSE from GBX 2,050 ($26.05) to GBX 2,075 ($26.37) and gave the stock an “overweight” rating in a report on Friday, April 12th. Berenberg Bank cut their target price on SSE from GBX 2,300 ($29.23) to GBX 2,000 ($25.42) and set a “buy” rating on the stock in a report on Friday, March 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,959 ($24.90).

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.